Mon, Sep 22, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

The Isle of Man is open and ready for hedge fund business

Thursday, May 30, 2013

amb
Ian Morley
by Beverly Chandler, Opalesque London:

Ian Morley is currently founder of Wentworth Hall Consultancy but as a veteran of the European hedge fund industry, he is better known for his role as founder chairman of the forerunner of the current alternatives trade body AIMA, EMFA, the European Managed Futures Association.

These days find Morley advising the Isle of Man, one of the less well known of the UK’s offshore centres. "I try to help them increase their exposure in the funds industry generically" he says. The island has an active and diverse economy, from broad financial services including banking, insurance and fund administration, but they also have substantial businesses in shipping and aircraft registration, gaming, IT and listing AIM companies.

"The Isle of Man is positively encouraging hedge funds to choose the Island as a location and offering incentives" he says. The Island is offering 40% of certain costs covered for two years to new funds or start-up businesses who register there. "The Island wants to support hedge fund firms so that they can concentrate on raising and managing the money rather than hiring compliance consultants" Morley says.

Morley explains that the Regulator, the Financial Services Commission, realises how difficult it is for start-up funds to raise capital in the current market environment. "To make things easier for star......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. Investors looking at other sources for hedge fund-like returns[more]

    Komfie Manalo, Opalesque Asia: Investors who are always on the lookout for higher gains are looking at alternative sources of income, particularly exchange-traded fund industry that generates hedge fund-like returns, according to

  5. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e